Renting of immovable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2013
WHEN DO WE HAVE TO CHARGE SERVICA TAX ON RENTING OF IMMOVABLE PROPERTY ??? WHO CAN CHARGE IT ???
27 May 2013
the owner who's property it is will charge the service tax from the tenant.
should be charged at the time of invoice raised after the completion of month and if in case rent received in advance then at the time of receiving rent meaning there by advance or invoice raised whichever is earlier.
note no service tax if residential property given for residential purpose.
also there are few exemption under notification 25/2012. consider them too.
should be charged at the time of invoice raised after the completion of month and if in case rent received in advance then at the time of receiving rent meaning there by advance or invoice raised whichever is earlier.
note no service tax if residential property given for residential purpose.
also there are few exemption under notification 25/2012. consider them too.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2013
WE HAVE TO DEDUCT TDS ON RENT AMOUNT OR INCLUSIVE TAX ???
30 May 2013
tds to be deducted excluding service tax on rental income as clarified by cbdt.
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